Global Business Travel Group, Inc. (GBTG) quarterly cash flow statement — complete operating, investing & financing history
Global Business Travel Group, Inc. (GBTG) cash flow statement — 7-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 142M | -15M | 52M | 71M | 57M | 53M | 65M | 85M | 73M | 49M | 58M | 135M | 46M | -77M | -4M | -81M | -155M | -154M | -169M | -107M |
| Operating CF Margin % | 16.32% | -1.79% | 6.57% | 10.53% | 9.03% | 8.53% | 11% | 14.24% | 11.68% | 8.03% | 10.56% | 23.64% | 7.77% | -13.32% | -0.76% | -16.6% | -31.89% | -44% | -58.88% | -54.31% |
| Operating CF Growth % | 149.12% | -128.3% | -20% | -16.47% | -21.92% | 8.16% | 12.07% | -37.04% | 58.7% | 163.64% | 1550% | 266.67% | 129.68% | 50% | 97.63% | 24.3% | 34.22% | -35.09% | -6822.69% | - |
| Net Income | 17M | 54M | 83M | -62M | 15M | 75M | -14M | -128M | 27M | -19M | -46M | -8M | -55M | -27M | -63M | -73M | -2M | -91M | 0 | -106M |
| Depreciation & Amortization | 56M | 60M | 60M | 49M | 43M | 40M | 40M | 43M | 48M | 47M | 49M | 50M | 49M | 46M | 48M | 45M | 45M | 44M | 50M | 34M |
| Stock-Based Compensation | 19M | 17M | 18M | 19M | 20M | 19M | 19M | 20M | 20M | 18M | 15M | 19M | 22M | 19M | 16M | 15M | 5M | 3M | 0 | 0 |
| Deferred Taxes | 2M | -28M | -33M | 8M | 7M | 3M | 5M | 17M | -5M | 17M | -14M | -3M | -4M | -9M | -24M | -10M | -5M | -26M | -52M | -29M |
| Other Non-Cash Items | -39M | -30M | -48M | 19M | -28M | -37M | -4M | 76M | 7M | -30M | 1M | -31M | 18M | -4M | 32M | 19M | -33M | 6M | -156M | -5M |
| Working Capital Changes | 87M | -88M | -28M | 38M | 0 | -47M | 19M | 57M | -24M | 16M | 53M | 108M | 16M | -102M | -13M | -77M | -165M | -90M | -11M | -1M |
| Change in Receivables | 36M | -151M | 84M | -1M | 2M | -138M | 98M | 40M | 70M | -90M | 156M | 82M | -38M | -155M | 64M | -148M | -181M | -180M | -26M | -37M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 6M | 123M | -153M | 48M | 12M | 86M | -71M | -5M | -73M | 144M | -115M | 6M | 72M | 63M | -84M | 92M | 21M | 93M | 28M | 27M |
| Cash from Investing | -39M | -27M | -5M | -171M | -12M | -18M | -32M | -26M | -19M | -25M | -26M | -29M | -32M | -32M | -22M | -31M | -21M | -21M | 54M | -10M |
| Capital Expenditures | -39M | -37M | -39M | -33M | -30M | -27M | -32M | -26M | -24M | -25M | -26M | -28M | -27M | -32M | -21M | -31M | -21M | -21M | -16M | -10M |
| CapEx % of Revenue | 4.48% | 4.4% | 4.92% | 4.9% | 4.75% | 4.35% | 5.41% | 4.36% | 3.84% | 4.1% | 4.74% | 4.9% | 4.56% | 5.54% | 3.98% | 6.35% | 4.32% | 6% | 5.57% | 5.08% |
| Acquisitions | 0 | 10M | 34M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 73M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | -138M | 0 | 0 | 0 | 0 | 5M | 0 | 0 | -1M | -5M | 0 | -1M | 0 | 0 | 0 | -3M | 0 |
| Cash from Financing | -29M | 49M | -47M | -33M | -23M | -25M | -6M | -62M | -7M | -10M | -1M | -2M | 1M | 122M | -1M | -5M | 305M | -7M | 198M | 93M |
| Debt Issued (Net) | -4M | 96M | -3M | -4M | -3M | -4M | 0 | 26M | -1M | -1M | -1M | 1M | 0 | 128M | -1M | -1M | 200M | -3M | 205M | 48M |
| Equity Issued (Net) | -9M | -34M | -39M | -33M | 0 | -1M | 2M | -55M | 1M | 4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10M | 50M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1M | 0 |
| Share Repurchases | -9M | -38M | -39M | -33M | 0 | -1M | 0 | -55M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -16M | -13M | -5M | 4M | -20M | -20M | -8M | -33M | -7M | -13M | 0 | -3M | 1M | -6M | 0 | -4M | 105M | -4M | 4M | -5M |
| Net Change in Cash | 72M | 1M | -2M | -137M | 41M | 16M | 11M | 9M | 40M | -1M | 44M | 97M | 15M | 17M | -9M | -131M | 116M | -185M | 515.13M | -27M |
| Free Cash Flow | 103M | -52M | 13M | 38M | 27M | 26M | 33M | 59M | 49M | 24M | 32M | 107M | 19M | -109M | -25M | -112M | -176M | -175M | -185M | -117M |
| FCF Margin % | 11.84% | -6.19% | 1.64% | 5.64% | 4.28% | 4.19% | 5.58% | 9.88% | 7.84% | 3.93% | 5.83% | 18.74% | 3.21% | -18.86% | -4.74% | -22.95% | -36.21% | -50% | -64.46% | -59.39% |
| FCF Growth % | 281.48% | -300% | -60.61% | -35.59% | -44.9% | 8.33% | 3.13% | -44.86% | 157.89% | 122.02% | 228% | 195.54% | 110.8% | 37.71% | 86.49% | 4.27% | 30.61% | -42.28% | -7478.09% | - |
| FCF per Share | 0.20 | -0.10 | 0.02 | 0.08 | 0.06 | 0.05 | 0.07 | 0.13 | 0.10 | 0.05 | 0.07 | 0.23 | 0.05 | -0.26 | -0.06 | -0.27 | -0.42 | -0.42 | -0.44 | -0.28 |
| FCF Conversion (FCF/Net Income) | 9.47x | -0.29x | 0.63x | -1.15x | 4.38x | 0.71x | -4.06x | -0.66x | 2.81x | -2.58x | -1.23x | -11.25x | -3.29x | 38.50x | 0.15x | 4.05x | -7.38x | 1.71x | 0.36x | - |
| Interest Paid | 23M | 25M | 23M | 21M | 20M | 30M | 24M | 10M | 31M | 34M | 35M | 37M | 37M | 33M | 30M | 28M | 20M | 18M | 0 | 15M |
| Taxes Paid | -3M | 0 | 7M | 16M | 25M | 4M | 1M | 12M | 0 | 0 | 1M | 1M | -2M | 2M | 0 | 0 | 0 | 0 | 0 | 0 |